Multiplus Ltd

Multiplus Ltd from London UK: a small, active company founded four years ago, employs two people, and holds £327,834 in assets. Operating from a virtual address, it's led by three directors and owned by three individuals, with a solo founder at its core. The company regularly imports and exports electrical machinery and equipment—nine months of imports and forty-six months of exports recorded.

Multiplus Ltd specializes in the design and manufacture of military man-wearable power and cabling solutions for modern warfare. Its website, Multiplus, showcases a range of products including batteries, chargers, adaptors, and communications equipment, catering to military personnel and tactical operators. The company emphasizes cutting-edge technology and British craftsmanship, blending technical expertise with insights from former military personnel. It even has a showroom in Harrods, London.

Financially, Multiplus Ltd presents a mixed picture. While current assets increased by 160% to £330,000, net assets decreased by 63% to -£34,000—a concerning trend. Bank borrowings remained stable at £140,000, but cash reserves dropped 69% to £19,000. Creditors also decreased by 14%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

The company's increased debts and decreased equity suggest it's burning through cash, though it's hard to say if this is a startup phase or a more serious issue. The focus on military contracts and high-end equipment could provide a buffer, but the financials warrant close monitoring.

Registered in England/Wales under the registration number 13054909, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.